7. Extract of a Trial Balance as at March 31, 2017 is as follows:
Rs.
Sundry Debtors 1,02,000
Bad Debts 1,400
Provision for doubtful debts 3,400
Additional information:
A debtor of Rs. 2,000 could not be recovered. It is decided to maintain Provision for Doubtful Debtors @ 5% on Debtors and Provision for Discount at @ 2%.
How these adjustments will be shown in Financial Statements?
D.K.Goel/2024 Edition/Practical Questions/Q-07
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :